UBS Crisis Solution: Talk / Violent Hand Gestures

GENEVA-- Switzerland's UBS, the world's largest wealth manager, said its advice-driven, global banking business model will be a winner as others failed or were rescued by governments during the global financial turmoil. UBS was hit early on in the crisis and has announced more write-downs on toxic assets than any other European bank. "It's never been more obvious to clients that they need advice. This is going to be the proof to our business model," Juergen Zeltner, who heads UBS' wealth management operations in North, Central and Eastern Europe, told the Reuters Wealth Management Summit.